The author, financial planner Martin A. Scott.

As a financial planner, my priorities are saving and wealth building. 
But there are times when spending from your cash flow is wise, such as on family experiences.
I also thinks it’s worth it to spend money on your health and on professionals who can save you time.

Given my work as a financial planner, I am clearly a proponent of systematic savings plans and wealth building, but I also understand the reality that all of us must be consumers of products and services to some extent as we navigate through our daily lives. 

Just to be clear, I believe saving money first should always take priority over spending, but the purpose of this article is to discuss certain things that I believe are always worth paying for with your cash flow.

1. Family experiences

No matter how much we plan, we do not know what the future holds. No one is promised tomorrow, so it is important to do our very best each day that we are blessed to live. One main thing to do is to love and appreciate your family. 

A husband loving his wife. Parents cherishing every moment with their children as they grow up. Adult children spending time with aging parents. These are just a few of many examples. Spending time with someone does not necessarily mean that money will be spent, but there are times when it is applicable. 

2. Improving your health

Yes, building wealth is very important, but if an individual is compromising their health to do so, it becomes counterproductive. 

Improving your health can mean many different things to many different people, and there are various ways to go about it. In certain situations, spending money can help accomplish specific health goals. Paying for a gym membership (and using it) is a cost many people think about when discussing spending money to improve health, but there are other examples as well. 

Personally, I’ve noticed that healthy foods (organic, etc.) at the grocery stores are more expensive. Spending a little extra money for healthier food choices can go a long way in improving your health. 

Another example can include paying for things that help bring enjoyment to an individual and reduce stress. For me personally, it can be something as simple as going to the movies with my family.

3. Having a professional complete certain tasks/projects (that ultimately save you valuable time)

I understand …read more

Source:: Business Insider


I’m a financial planner who puts saving first, but there are 3 things I think are always worth the money

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